Waterside Food Services Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09556386 (England and Wales)

Waterside Food Services Limited

Unaudited Financial Statements

for the Year Ended 30 April 2021

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

6

Report of the Accountants

7

DIRECTORS:

Mrs S M Morgan

C Morgan

P M Morgan

REGISTERED OFFICE:

Unit 7, Waterside Business Park

Wheelhouse Road

Rugeley

Staffordshire

WS15 1LJ

REGISTERED NUMBER:

09556386 (England and Wales)

ACCOUNTANTS:

Astute Services Ltd

44-46 Regent Street

Rugby

Warwickshire

CV21 2PS

FIXED ASSETS

Tangible assets

4

71,906

81,796

CURRENT ASSETS

Stocks

88,497

115,785

Debtors

5

128,554

123,165

Cash at bank and in hand

140,221

47,274

357,272

286,224

CREDITORS

Amounts falling due within one year

6

181,064

146,433

NET CURRENT ASSETS

176,208

139,791

TOTAL ASSETS LESS CURRENT LIABILITIES

248,114

221,587

CREDITORS

Amounts falling due after more than one year

7

(54,386

)

(16,369

)

PROVISIONS FOR LIABILITIES

(13,662

)

(15,541

)

NET ASSETS

180,066

189,677

CAPITAL AND RESERVES

Called up share capital

8

200

200

Retained earnings

179,866

189,477

SHAREHOLDERS' FUNDS

180,066

189,677

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 January 2022 and were signed on its behalf by:

C Morgan - Director

1.	STATUTORY INFORMATION

Waterside Food Services Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2020 - 12 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 May 2020

133,905

Additions

11,865

At 30 April 2021

145,770

DEPRECIATION

At 1 May 2020

52,109

Charge for year

21,755

At 30 April 2021

73,864

NET BOOK VALUE

At 30 April 2021

71,906

At 30 April 2020

81,796

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/4/21

30/4/20

£

£

Trade debtors

123,282

120,045

Other debtors

5,272

3,120

128,554

123,165

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/4/21

30/4/20

£

£

Trade creditors

112,350

32,626

Taxation and social security

2,938

2,389

Other creditors

65,776

111,418

181,064

146,433

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30/4/21

30/4/20

£

£

Other creditors

54,386

16,369

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30/4/21

30/4/20

value:

£

£

200

Ordinary

£1

200

200

9.	ULTIMATE CONTROLLING PARTY

The company is under the joint control of Chris Morgan, Susan Morgan, Peter Morgan & Lorraine Morgan by virtue of shareholdings.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 April 2021 set out on pages one to eight and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Astute Services Ltd

44-46 Regent Street

Rugby

Warwickshire

CV21 2PS

Date: .............................................